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Full text of "Annual Evaluation Report Fiscal Year 1984"

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505-3

Program Effectiveness

One measure of program effectiveness is the extent to which direct loans
meet total  college costs during the most recent period compared with previous
periods.

Student aid awards have covered a smaller percentage of total cost during
recent years, principally because of rapidly rising tuition.    During FY
1983, for example, the average direct loan met 19.6 percent of total cost
for first-time, full-time freshmen.    In FY 1980, the average direct loan met
24.8 percent of cost.    Consistent with the pattern of previous years, the
direct loan percentage of total cost shows little variation across family
income categories.     For example, an average direct loan met 20,4 percent of
total  cost for those from families having incomes of less than $9,999, and
comprised 21.2 percent of total  cost for those with family incomes of $40,000
or more.

Another measure of effectiveness is the extent to which the State allotment
formula results in DL allocations consistent with actual  student need.
As we reported in last year's annual evaluation report, State allotments
are only moderately well-correlated with measures of student need within
States.

Table 1

Participation Patterns of First-Time Full-Time Dependent

Students in the Direct Loan Program by Family Income

Academic Years 1980-81 to 1983-84

Family Income

ACADEMIC
YEAR

LESS        $10,000
THAN             THRU

$10,000      $19,999

1980-81

1981-82

AWARD AVG.      $881
% AIDED              12.0

% OF COST        20.9

1982-83

1983-84

AWARD AVG.
	$922

% AIDED
	10.5

% OF COST
	20.0

AWARD  AVG.
	$973

% AIDED
	10.0

% OF COST
	20.8

AWARD  AVG.
	$1027

% AIDED
	11.5

% OF COST
	20.4

$948
13.8
23.1

$1045
11.9
22.6

$1084
10.7
22.5

$1086
11.3
21.0

$20,000
THRU
$29,999

$1084
11.1
26.1

$1169

9.7

24.5

$1166

8.4

23.8

$1179

9.2

22.3

$30,000   $40,000

THRU         OR
$39,999     MORE

$1297

6.7

30.4

$1367

6.4

28.2

$1219

5.4

24.0

$1260
6.4

$1600

3.3

34.2

$1672

2.9

33.0

TOTAL

$1046

9.9

24.8

$1161

8.2

24.4

$1354      $1138

2.0          6.7

23.4        22.2

$1347      $1158

2.5          7.4

21.2        19.6

.....KD AVG. = Average Dollars Awarded Per Recipient

% AIDED = Number of Recipients + Total Students
% OF COST = Award average * Average Cost

SOURCE: See E.I below. income families (less